Economy News

OMC under-recoveries shrink sharply as crude oil prices tumble on US-Iran peace deal

Centre hikes fuel export levies; diesel duty at Rs 14/litre, ATF at Rs 12.5/litre

The special additional excise duty (SAED) on diesel exports has been raised to Rs 14 per litre from Rs 13.5 per litre, and on ATF exports to Rs 12.5 per litre from Rs 9.5 per litre

6 days ago

Govt Clarifies No Plan To Monetise Gold Held By Temples

Gold, silver prices jump up to 3 pc despite easing West Asia tensions

The gains came even as geopolitical tensions eased after US President Donald Trump announced that Washington and Tehran had reached a peace agreement and that the deal is expected to be formally signed on June 19.

7 days ago

Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

OMC under-recoveries shrink sharply as crude oil prices tumble on US-Iran peace deal

Petrol under-recoveries have fallen 83 per cent from Rs 24 per litre to Rs 3 per litre, while diesel under-recoveries have declined 75 per cent from Rs 105 per litre to Rs 27 per litre since April. Global crude oil prices dropped nearly 5 per cent after the US and Iran announced a peace deal

7 days ago

Rebel TMC MPs met Lok Sabha Speaker Om Birla at his residence, in Delhi today

20 Rebel TMC MPs Seek Merger With Little-Known NCPI, Speaker Om Birla Reviewing

The Nationalist Citizens Party of India (NCPI), a registered but unrecognised political party with no MPs or MLAs, could become the Lok Sabha's fifth-largest party if the proposed merger of 20 rebel TMC MPs is approved.

7 days ago

India's WPI inflation stays in negative zone in Nov, overall outlook benign

El Nino likely to impact food prices, inflation projected to settle in 5.2–5.5 pc range in FY27

There is an 80% chance of El Niño during June–August and over a 90% probability that it will continue until at least November. While reservoir levels remain above normal and vegetable supplies are currently adequate.

8 days ago

Approved 100 pc ethanol fuel use to cut fossil fuel imports: Nitin Gadkari

The announcement follows the government's recent introduction of E85 fuel for flex-fuel vehicles. Petroleum Minister Hardeep Singh Puri highlighted that India achieved its 20% ethanol blending target in petrol ahead of schedule, reaching the milestone in 2024 instead of 2030.

8 days ago

Easy Money Can Lead To Jail: RBI Warns Public Against Becoming Money Mules Through Bank Accounts

RBI has warned people against becoming money mules by allowing others to use their bank accounts for money transfers. Fraudsters often offer easy money in return. Sharing banking details or facilitating suspicious transactions can lead to legal action, penalties and even imprisonment.

8 days ago

Monthly SIPs in India grow nearly 10 times over last decade: Report

Monthly SIPs growing nearly 10 times over last decade: Report

Despite market disruptions and global uncertainties, retail investor participation has remained strong, with SIP assets reaching Rs 17.12 lakh crore. However, the report also highlighted increasing churn, as SIP discontinuations nearly matched new registrations, while mutual fund assets under management stood at

9 days ago

Centre Removes Excise Duty on Higher Ethanol-Blended Petrol: What It Means for Consumers [explainer]

Centre Removes Excise Duty on Higher Ethanol-Blended Petrol: What It Means [explainer]

According to a government notification, cited in a Reuters report, petrol containing 22 per cent to 30 per cent ethanol will not attract excise duty. The exemption covers fuel variants such as E22, E25, E27 and E30, marking the first major fiscal incentive for ethanol blends above E20.

10 days ago

India's Retail Inflation Rises to 3.93% in May, Remains Below RBI's 4% Target

June policy review, the RBI raised its FY27 inflation forecast to 5.1% from 4.6%, while keeping the repo rate unchanged at 5.25%. Despite inflation concerns, India's economy remained resilient, with GDP growth at 7.8% in Q4 and 7.7% for FY26.

10 days ago

Gold and silver surge up to 1 pc amid geopolitical uncertainty

Gold, Silver Gain Up to 2% Amid Optimism Over US-Iran Peace Talks and Easing West Asia Tensions

The yellow metal was trading at Rs 1,49,916, up 0.66 per cent or Rs 948. It touched an intraday low of Rs 1,49,569, a gain of 0.42 per cent or Rs 637 from the previous close.

10 days ago

Middle East conflict: World Bank readies $100 billion crisis shield

The funds will help strengthen social safety nets, support government finances and provide liquidity to businesses and farms. The World Bank also cut its 2026 global growth forecast to 2.5%, warning that surging oil, gas and fertiliser prices have created the biggest supply shock in more than 50 years.

10 days ago

Crude oil drops over 5 pc this week, hovers above $100 amid global uncertainty

West Asia conflict could push crude oil prices to $150 per barrel

Around 11.8 million barrels per day of oil production remain offline across six Gulf producers, making it one of the largest supply disruptions in modern energy history.

11 days ago

India stays world's fastest-growing economy recording 6.4 pc rise despite Iran war fallout

AI Infrastructure Supercycle: Data Centers Navigate Power Crunch, Cooling Revolution, and India's Historic Boom in 2026

Driven by explosive demand for generative AI and high-performance computing, global data center electricity consumption is expected to nearly double by 2030, while AI-ready facilities are rapidly adopting high-density designs, liquid cooling, advanced networking and sustainable energy solutions.

12 days ago

Gold declines 1.36% this week on dollar strength, Fed outlook

Gold Drops Over 1.5%, Silver Slips as Fed Tightening Fears Weigh on Bullion

Gold futures fell 1.51% to Rs 1,50,140 per 10 grams, while silver futures dropped nearly 1% to Rs 2,36,239 per kg. International gold prices also hit an 11-week low as a stronger US dollar and rising crude oil prices increased inflation concerns, reducing the appeal of precious metals.

12 days ago

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Economy News

Centre hikes fuel export levies; diesel duty at Rs 14/litre, ATF at Rs 12.5/litre

Gold, silver prices jump up to 3 pc despite easing West Asia tensions

OMC under-recoveries shrink sharply as crude oil prices tumble on US-Iran peace deal

20 Rebel TMC MPs Seek Merger With Little-Known NCPI, Speaker Om Birla Reviewing

El Nino likely to impact food prices, inflation projected to settle in 5.2–5.5 pc range in FY27

Approved 100 pc ethanol fuel use to cut fossil fuel imports: Nitin Gadkari

Easy Money Can Lead To Jail: RBI Warns Public Against Becoming Money Mules Through Bank Accounts

Monthly SIPs growing nearly 10 times over last decade: Report

Centre Removes Excise Duty on Higher Ethanol-Blended Petrol: What It Means [explainer]

India's Retail Inflation Rises to 3.93% in May, Remains Below RBI's 4% Target

Gold, Silver Gain Up to 2% Amid Optimism Over US-Iran Peace Talks and Easing West Asia Tensions

Middle East conflict: World Bank readies $100 billion crisis shield

West Asia conflict could push crude oil prices to $150 per barrel

AI Infrastructure Supercycle: Data Centers Navigate Power Crunch, Cooling Revolution, and India's Historic Boom in 2026

Gold Drops Over 1.5%, Silver Slips as Fed Tightening Fears Weigh on Bullion

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react